Federal Bank on Friday stated it has gained the Reserve Bank of India’s acclaim for the reappointment of Shyam Srinivasan as Managing Director and Chief Executive Officer until September 22, 2021.

 

Srinivasan took fee as MD and CEO of the financial institution on September 23, 2010.

In a regulatory submitting, Federal Bank knowledgeable inventory exchanges that it gained RBI’s nod on July 16, 2020, for the reappointment of Shyam Srinivasan because the MD and CEO of the financial institution, with impact from September 23, 2020, (the crowning glory of the current time period of place of job) until September 22, 2021 together with remuneration as proposed through the financial institution”.

 

He had joined the financial institution, supplied with the revel in of over 20 years with main multinational banks in India, Middle East and South East Asia. He has vital experience in retail lending, wealth control and small and medium enterprises (SME) banking.

 

He is an alumnus of the Indian Institute of Management, Kolkata, and Regional Engineering College, Tiruchirapally.

 

Federal Bank inventory traded at Rs 51.75 apiece on BSE, down 0.58 in step with cent from its earlier shut.

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